Families aren’t borrowing as heavily to send junior off to college, rather relying more on savings and scholarships. That’s pretty good news—but not for some private schools, which are slashing prices in an attempt to reverse the decline in enrollment.
The for-profit Corinthian Colleges is calling it quits following accusations that it misled students. It’s nice to see a school with an unsavory reputation bite the dust, but our higher ed problems extend to non-profit institutions as well.
Private colleges are suffering, and have been for a while. They are granting steeper and steeper discounts on what at first glance seem to be astronomical fees.
College enrollment is way down as more high school grads choose work over school. After years of bleak prospects for workers without bachelor’s degrees, that’s good news indeed.
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